Singapore Technologies Engineering Management
Management criteria checks 4/4
Singapore Technologies Engineering's CEO is Vincent Chong, appointed in Oct 2016, has a tenure of 9.83 years. total yearly compensation is SGD3.86M, comprised of 31.5% salary and 68.5% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth SGD74.00M. The average tenure of the management team and the board of directors is 6.1 years and 5 years respectively.
Key information
Vincent Chong
Chief executive officer
S$3.9m
Total compensation
| CEO salary percentage | 31.46% |
| CEO tenure | 9.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 6.1yrs |
| Board average tenure | 5yrs |
Recent management updates
Recent updates
Narrative Update • Jun 26
S63: Future Contracts And Buybacks Will Struggle To Justify Rich P/E
The analyst price target for Singapore Technologies Engineering has been updated from SGD7.28 to SGD9.21, with analysts attributing this change to revised assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Singapore Technologies Engineering Approved a special tax exempt one tier dividend of $0.05 per share for the financial year ended December 31, 2025, at the 29th AGM on April 23, 2026.
Narrative Update • Jun 12
S63: Special Dividend And Robust New Contracts Will Support Steady Returns
Analysts have kept their SGD 11.58 price target for Singapore Technologies Engineering unchanged, as only minor tweaks to discount rate assumptions and long term P/E inputs currently leave their overall valuation view steady. What's in the News Shareholders approved a special tax exempt one tier dividend of $0.05 per share at the 29th AGM held on April 23, 2026 for the financial year ended December 31, 2025.Narrative Update • May 29
S63: Record Contracts And Special Dividend Will Support Measured Forward Returns
The analyst price target for Singapore Technologies Engineering has shifted from SGD$12.17 to SGD$11.58. Analysts attribute this change to updated assumptions around discount rates, revenue growth, profit margins and a slightly lower future P/E multiple, which are cited as the key drivers of this recalibration.Narrative Update • May 11
S63: Record Contract Wins And Special Dividend Will Support Forward Returns
Analysts have lifted their price target for Singapore Technologies Engineering from SGD 11.41 to SGD 12.17, citing updated assumptions on the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Secured about $4.8b in new contracts in Q1 2026 across Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom segments, spread across MRO, systems, and infrastructure work (client announcement).Narrative Update • Apr 27
S63: Contract Wins And FY2025 Dividends Will Support Steady Forward Returns
Analysts have kept their SGD 11.41 price target for Singapore Technologies Engineering unchanged, pointing to relatively stable assumptions around discount rate, revenue growth, profit margin and future P/E as support for holding that line. What's in the News Proposed final and special tax exempt dividends of $0.06 and $0.05 per share for FY2025, with entitlement based on shareholders on record as of 5.00 p.m. on 29 April 2026, subject to approval at the AGM on 23 April 2026.Narrative Update • Apr 12
S63: Contract Wins And FY2025 Dividends Will Underpin Steady Returns
Analysts have nudged their price target for Singapore Technologies Engineering slightly higher from SGD11.26 to SGD11.41. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Mar 28
S63: Contract Momentum And Higher Dividends Will Support Steady Returns
Analysts have lifted their price target for Singapore Technologies Engineering from SGD 10.84 to SGD 11.26, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E multiples. What's in the News Proposed final and special tax exempt dividends of SGD 0.06 and SGD 0.05 per share for FY2025, subject to shareholder approval at the AGM scheduled for 23 April 2026.Narrative Update • Mar 12
S63: Contract Wins And Dividend Outlook Will Support Steady Returns
Analysts have adjusted their fair value estimate for Singapore Technologies Engineering from SGD 9.60 to SGD 10.84, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Proposed final dividend of 6 cents per share and special tax exempt dividend of 5 cents per share for FY2025, subject to shareholder approval at the AGM scheduled for 23 April 2026 (company announcement).
New Narrative • Mar 10
Record Order Book And Global Defense Demand Will Reshape Long Term Earnings Profile
Catalysts About Singapore Technologies Engineering Singapore Technologies Engineering is a global technology, defense and engineering group with businesses across commercial aerospace, defense and public security, and urban solutions and Satcom. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 25
S63: Contract Wins And Digital Aerospace Partnership Will Support Steady Returns
Analysts have kept their price target on Singapore Technologies Engineering steady at SGD 9.60, with minimal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. These changes reflect only minor model refinements rather than a change in conviction.Narrative Update • Feb 10
S63: Contract Momentum And Special Dividends Will Support Steady Forward Returns
Analysts have lifted their price target for Singapore Technologies Engineering from $9.22 to $9.60 as they factor in updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples. What's in the News ST Engineering reported about $4.7b of new contracts in 4Q 2025 across Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom, bringing total contract wins for 2025 to $18.7b, compared with $12.6b in 2024 (company announcement).New Narrative • Jan 30
Rising Defense Spending And Satcom Shifts Will Pressure Margins And Future Earnings Potential
Catalysts About Singapore Technologies Engineering Singapore Technologies Engineering is a global technology, defense and engineering group with businesses across commercial aerospace, defense and public security, and urban solutions and satellite communications. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 26
S63: Special Dividends And Solid Earnings Outlook Will Support Steady Returns
Analysts have nudged their price target for Singapore Technologies Engineering higher to $9.22 from $9.01. This reflects updated views on fair value, discount rate, profit margin and future P/E assumptions.Narrative Update • Jan 12
S63: Dividends And Strong Contract Wins Will Support Steady Outlook
Analysts have nudged their fair value estimate for Singapore Technologies Engineering higher to $9.01 from $8.83, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News Company guided that it expects to report a positive net profit for the second half of 2025 after accounting for all one off effects in that period.Analysis Article • Dec 02
Singapore Technologies Engineering (SGX:S63) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 14
Singapore Technologies Engineering (SGX:S63) Is Due To Pay A Dividend Of SGD0.04
Singapore Technologies Engineering Ltd ( SGX:S63 ) will pay a dividend of SGD0.04 on the 5th of December. This makes...Narrative Update • Nov 13
S63: Dividend Proposals And Contract Wins Will Support Steady Performance
Analysts have raised their price target for Singapore Technologies Engineering from $8.70 to $8.83, citing modest improvements in projected revenue growth and profit margins as reasons for the adjustment. What's in the News A special dividend of 5.0 cents per share has been proposed for the year 2025 (Key Developments).Analysis Article • Oct 18
Calculating The Fair Value Of Singapore Technologies Engineering Ltd (SGX:S63)
Key Insights The projected fair value for Singapore Technologies Engineering is S$9.26 based on 2 Stage Free Cash Flow...Analysis Article • Sep 17
With EPS Growth And More, Singapore Technologies Engineering (SGX:S63) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Aug 30
Investments In MRO Capacities And International Expansion Will Strengthen Future Competitiveness
With the Future P/E and Discount Rate remaining effectively unchanged, analysts have made only a minimal downward revision to Singapore Technologies Engineering’s fair value, decreasing the consensus price target from SGD8.72 to SGD8.62. What's in the News ST Engineering secured approximately $4.7 billion in new contracts in Q2 2025 across Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom segments.Analysis Article • Aug 18
Singapore Technologies Engineering (SGX:S63) Will Pay A Dividend Of SGD0.04
Singapore Technologies Engineering Ltd ( SGX:S63 ) will pay a dividend of SGD0.04 on the 5th of September. This makes...Narrative Update • Aug 16
Investments In MRO Capacities And International Expansion Will Strengthen Future Competitiveness
Despite a lower revenue growth forecast, an improved net profit margin has led to a higher analyst price target for Singapore Technologies Engineering, which has increased from SGD8.25 to SGD8.81. What's in the News Secured approximately $4.7 billion in new contracts in 2Q 2025: $1.5 billion from Commercial Aerospace (notable MRO deals and multi-aircraft passenger-to-freighter conversions), $1.5 billion from Defence & Public Security (including unmanned systems for Singapore Navy, digital/AI/cyber solutions, ammunition, and ship maintenance), and $1.7 billion from Urban Solutions & Satcom (major rail projects, tolling systems, and satellite network upgrades).
New Narrative • Mar 23
Investments In MRO Capacities And International Expansion Will Strengthen Future Competitiveness
Strong order book and strategic investments enhance revenue visibility, operational capabilities, and margins, supporting long-term growth.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | S$572m |
| Mar 31 2026 | n/a | n/a | S$517m |
| Dec 31 2025 | S$4m | S$1m | S$463m |
| Sep 30 2025 | n/a | n/a | S$616m |
| Jun 30 2025 | n/a | n/a | S$769m |
| Mar 31 2025 | n/a | n/a | S$735m |
| Dec 31 2024 | S$5m | S$1m | S$702m |
| Sep 30 2024 | n/a | n/a | S$672m |
| Jun 30 2024 | n/a | n/a | S$642m |
| Mar 31 2024 | n/a | n/a | S$614m |
| Dec 31 2023 | S$4m | S$1m | S$586m |
| Sep 30 2023 | n/a | n/a | S$561m |
| Jun 30 2023 | n/a | n/a | S$536m |
| Mar 31 2023 | n/a | n/a | S$535m |
| Dec 31 2022 | S$5m | S$1m | S$535m |
| Sep 30 2022 | n/a | n/a | S$545m |
| Jun 30 2022 | n/a | n/a | S$554m |
| Mar 31 2022 | n/a | n/a | S$562m |
| Dec 31 2021 | S$5m | S$944k | S$571m |
| Sep 30 2021 | n/a | n/a | S$566m |
| Jun 30 2021 | n/a | n/a | S$560m |
| Mar 31 2021 | n/a | n/a | S$541m |
| Dec 31 2020 | S$4m | S$962k | S$522m |
| Sep 30 2020 | n/a | n/a | S$559m |
| Jun 30 2020 | n/a | n/a | S$566m |
| Mar 31 2020 | n/a | n/a | S$576m |
| Dec 31 2019 | S$5m | S$1m | S$578m |
Compensation vs Market: Vincent's total compensation ($USD3.02M) is below average for companies of similar size in the SG market ($USD5.32M).
Compensation vs Earnings: Vincent's compensation has been consistent with company performance over the past year.
CEO
Vincent Chong (57 yo)
9.8yrs
Tenure
S$3,864,812
Compensation
Mr. Sy Feng Chong, also known as Vincent, has been Group President and Chief Executive Officer at Singapore Technologies Engineering Ltd since 2021. He had been Chief Executive Officer and President at Sin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group President | 9.8yrs | S$3.86m | 0.22% SGD 74.0m | |
| Group Chief Financial Officer | 9.1yrs | no data | no data | |
| Group Chief Technology | 5.6yrs | no data | no data | |
| Group Chief Comms Officer & Head Investor Relations | no data | no data | no data | |
| Group General Counsel & Company Secretary | 6.3yrs | no data | no data | |
| Group Chief Human Resource Officer | 12.6yrs | no data | no data | |
| President & Head of Marine | 16.3yrs | no data | no data | |
| Group Deputy Chief Executive Officer | 5.8yrs | no data | 0.011% SGD 3.7m | |
| Group Chief Commercial Officer of Market Development and President of Smart City & Digital Solutions | 4.9yrs | no data | no data | |
| Group Chief Strategy & Sustainability Officer and President New Ventures | 4.9yrs | no data | no data | |
| President of Land Systems | 5.1yrs | no data | no data | |
| Partner of Allen & Gledhill LLP | no data | no data | no data |
6.1yrs
Average Tenure
60yo
Average Age
Experienced Management: S63's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group President | 9.8yrs | S$3.86m | 0.22% SGD 74.0m | |
| Independent Non-Executive Chairman | 5yrs | S$750.00k | 0.0040% SGD 1.4m | |
| Independent Non-Executive Director | 8.1yrs | S$256.00k | 0.0055% SGD 1.9m | |
| Independent Non-Executive Director | 6.2yrs | S$166.50k | 0.0015% SGD 499.1k | |
| Independent Non-Executive Director | 2yrs | S$162.50k | 0.00020% SGD 68.4k | |
| Independent Non-Executive Director | 2.2yrs | S$203.50k | 0.00030% SGD 102.6k | |
| Independent Non-Executive Director | 4.8yrs | S$224.00k | 0.0070% SGD 2.4m | |
| Non-Independent Non-Executive Director | 5yrs | S$164.50k | 0.0015% SGD 506.0k | |
| Independent Non-Executive Director | 7.9yrs | S$217.00k | 0.0027% SGD 916.2k | |
| Independent Non-Executive Director | 2.5yrs | S$149.50k | 0.00028% SGD 95.7k | |
| Non-Independent Non-Executive Director | 8.2yrs | S$11.25k | no data | |
| Non-Independent Non-Executive Director | 3.2yrs | S$11.25k | no data |
5.0yrs
Average Tenure
61yo
Average Age
Experienced Board: S63's board of directors are considered experienced (5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/14 03:59 |
| End of Day Share Price | 2026/08/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Singapore Technologies Engineering Ltd is covered by 26 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yu Jie Lo | BofA Global Research |
| Siew Khee Lim | CGS International |
| Thanapol Jiratanakij | CGS International |